ASE Technology Sees Unusually High Options Volume (NYSE:ASX)

ASE Technology Holding Co., Ltd. (NYSE:ASXGet Free Report) saw some unusual options trading on Tuesday. Stock traders bought 46,394 call options on the stock. This is an increase of approximately 566% compared to the typical volume of 6,971 call options.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Zacks Research raised shares of ASE Technology from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Weiss Ratings upgraded shares of ASE Technology from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, ASE Technology currently has a consensus rating of “Buy”.

Check Out Our Latest Report on ASE Technology

ASE Technology Price Performance

ASX traded down $3.73 on Tuesday, reaching $36.18. The stock had a trading volume of 5,700,223 shares, compared to its average volume of 8,972,607. ASE Technology has a fifty-two week low of $9.52 and a fifty-two week high of $45.51. The firm has a 50-day moving average of $39.11 and a 200-day moving average of $31.20. The company has a current ratio of 1.07, a quick ratio of 0.81 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $80.45 billion, a price-to-earnings ratio of 42.22 and a beta of 1.71.

ASE Technology (NYSE:ASXGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. ASE Technology had a return on equity of 16.12% and a net margin of 8.52%.The company had revenue of $81.66 million for the quarter, compared to analysts’ expectations of $5.96 billion. As a group, sell-side analysts anticipate that ASE Technology will post 1.21 EPS for the current year.

ASE Technology Increases Dividend

The firm also recently declared an annual dividend, which was paid on Friday, August 7th. Shareholders of record on Monday, July 6th were given a $0.4171 dividend. This is an increase from ASE Technology’s previous annual dividend of $0.36. The ex-dividend date was Monday, July 6th. This represents a yield of 96.0%. ASE Technology’s dividend payout ratio is currently 34.88%.

Institutional Trading of ASE Technology

Several institutional investors have recently modified their holdings of ASX. Caitong International Asset Management Co. Ltd increased its holdings in ASE Technology by 180,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,810 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,809 shares during the period. Bessemer Group Inc. grew its position in shares of ASE Technology by 135.4% in the 1st quarter. Bessemer Group Inc. now owns 1,438 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 827 shares during the last quarter. UMB Bank n.a. bought a new stake in shares of ASE Technology in the 4th quarter valued at about $32,000. Ancora Advisors LLC acquired a new stake in shares of ASE Technology in the second quarter valued at about $33,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of ASE Technology by 256.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 2,495 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,795 shares during the period. Institutional investors own 6.80% of the company’s stock.

About ASE Technology

(Get Free Report)

ASE Technology Holding Co, Ltd. (NYSE: ASX), commonly referred to as ASE, is a Taiwan-based provider of semiconductor assembly and testing services. The company focuses on back-end semiconductor manufacturing and related services that prepare integrated circuits and other semiconductor devices for final use. Its core activities include advanced IC packaging, final testing, wafer probing, and related engineering and supply-chain support for semiconductor customers.

ASE offers a range of products and technical capabilities designed to meet increasingly complex packaging and system-in-package requirements.

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